Arab Today, arab today credit suisse to pay 150mn euros to end german tax probe
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Credit Suisse to pay 150mn euros to end German tax probe

Arab Today, arab today

Arab Today, arab today Credit Suisse to pay 150mn euros to end German tax probe

Geneva - AFP

Swiss banking giant Credit Suisse said Monday that it has reached a deal with German authorities to end a tax evasion probe, and that it would pay 150 million euros ($205 million) to settle the case. \"Credit Suisse group and the Public Prosecutor\'s Office in Duesseldorf have reached an agreement regarding the proceedings against Credit Suisse employees,\" said the bank in a statement. \"The entire proceedings are to be resolved,\" it added. The bank said the settlement meant that \"a complex and prolonged legal dispute has been avoided.\" In addition, the deal provides \"legal certainty.\" In 2010, the Duesseldorf prosecutor\'s office raided branches of Switzerland\'s second biggest bank in 13 German cities as part a probe of 1,100 clients and bank staff suspected of hiding funds from tax officials. The raid came after officials in the German state of North Rhine-Westphalia bought a computer disc for a reported 2.5 million euros (3.2 million dollars) with information on wealthy Germans linked to the investigation. They were urged to come forward of their own accord to avoid prosecution, and some 12,000 had done so by late March 2010. A spokesman for Duesseldorf prosecutors told AFP at the time that \"the Credit Suisse clients have investments a total of around 1.2 billion euros.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today credit suisse to pay 150mn euros to end german tax probe Arab Today, arab today credit suisse to pay 150mn euros to end german tax probe

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today credit suisse to pay 150mn euros to end german tax probe Arab Today, arab today credit suisse to pay 150mn euros to end german tax probe

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday